RealTime Economy EstonianFinnish new leap towards realtime crossborder

Real-Time Economy Estonian-Finnish new leap towards real-time cross-border innovation

Let’s get started! • Share the vision • Structure of cooperation project • Goals of the project • Timeline • Start preparing work packages • Agree on company pilots • Financing 2

Real Time Economy defined: VISION A user-friendly, trusted and integrated digital platform enabling real-time transactions for SMEs.

Structure 4

Goals of the project • Usability • Decrease cost of transactions • Decrease time spent on transactions • Increase quality of transactions 5

Timeline • Produce the first concept of the Real Time Economy based on the vision by March 31 st 2015 in the form of a White Paper • Pilots: 1. 1. 2015 -31. 12. 2015 6

Work Packages WP 0: Project management WP 1: RTE vision and environment WP 2: RTE use cases WP 3: Architecture (gap analysis) WP 4: Legal framework and standards WP 5: Economical impact WP 6: Pilots and enablers 7

Pilots • ICT companies (standards, harmonisation, einvoicing) • Service companies • E-commerce (payments, VAT, transport of goods, real-time credit) • Building industry (VAT, Social benefits, salaries…) 8

Financing • Self financing this year • 2014: seek options for external financing in 2015 • EE and FI government financing • Private financing • International sources (H 2020) 9

Future is invisioned and created! Thank you!

Appendix 1 • USE CASES 11

Real-Time business management • Real-time company establishment • Real-time e-Business registry • Real time employees registering

Real-Time accounting and analysis • Real-time, simplified and invisible accounting in the • • „cloud“ Real time e-receipts Real-time financial business analisys

Real-Time economy: taxes • Real-time salaries and social taxes • Real-time (international) VAT for the • seller and buyer Real-time interfaces for tax-reductions

Real-Time credit and investment • Real-time credibility analisys • Real-time credit and investment tools

Real-Time reporting • • Real-time annual report compilation Real-time financial business analisys reports Real-time credibilty reports Real-time financial reports

Cooperation partners • Estonia • Finland